The Economic and Financial Crimes Commission (EFCC) has apprehended Hyginus Nkwocha, a reputed billionaire, for his alleged involvement in internet fraud and money laundering.
The arrest was confirmed by EFCC spokesperson, Dele Oyewale, in a statement released on Thursday.
The 35-year-old Nkwocha was arrested at Ever Green Estate in Lugbe, Abuja, following actionable intelligence regarding his suspected fraudulent activities. The EFCC acted swiftly, resulting in a high-profile capture that has sent ripples through the community.
Oyewale detailed the items recovered during the arrest, painting a picture of a lavish lifestyle funded by illicit activities.
“Items recovered from him include a sum of 2,200 dollars, an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, a Samsung Galaxy S21 Ultra, an iPhone 13 Pro Max, and a MacBook,” he revealed. The haul also included luxurious jewelry, “a gold chain and pendant, a gold bracelet, [and] a gold neck chain.”
The list of seized assets extended beyond personal electronics and jewelry, encompassing high-end vehicles and properties. The EFCC confiscated a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang car, showcasing the opulent lifestyle Nkwocha had been leading.
“Also recovered are some properties at Cookies Court 2, located in Ocean Palm Estate, Ajah, Lagos; Unit C8, Lugbe Airport Road, Abuja; and Cookies Court 2, 2nd Avenue, Ocean Palm Estate, Ogombo, Lagos State,” Oyewale added. These properties, situated in some of the most sought-after locations, underscore the scale of Nkwocha’s alleged fraudulent earnings.
The EFCC spokesperson emphasized that investigations are ongoing, and the suspect will be charged to court as soon as they are concluded. This arrest is part of the EFCC’s broader efforts to combat internet fraud and money laundering, which have plagued the nation’s financial integrity.
Nkwocha’s arrest is a stark reminder of the EFCC’s commitment to rooting out financial crimes and bringing perpetrators to justice.
